Pre-approved Offer generation

We generate pre-approved Offers with a high certainty of payout (> 95%) which allows Businesses to know exactly what to expect. Businesses can select from various options, customizing payout amounts and payment durations (up to 12 months). The associated fees are adjusted in real-time based on the selected terms, offering clear and tailored financial solutions.

Offer eligibility

To determine a Business's eligibility and generate Offers, the Platform must share Business data through two API calls:

1. Non-Personally Identifiable Information (non-PII): The Platform provides non-PI data on all Businesses under consideration. This data is essential for generating Offers, confirming bank accounts for payouts, and supporting two-factor authentication (2FA) for offer acceptance.

   post Create Business

2. Performance Data: In addition to non-PII, the Platform shares performance data, such as goods sold, number of transactions, Business ratings, and refund counts. This detailed profile helps assess the Business’s eligibility and tailor the Offer terms.

   post Submit Business performance data

Real-time scoring and notification

Once the data is received, we score the Businesses in real-time. The results of this scoring, including the pre-approved Offers, are communicated back to the Platform via webhook. This ensures that Platforms are promptly informed about the eligibility and terms of the Offers, allowing them to relay this information to the Businesses efficiently.

Accessing Offers

In the next section, we will explain how Platforms can retrieve generated Offers and share them with Businesses, ensuring seamless communication and integration between finmid, the Platform, and the Businesses.